ZTE and the United States reached an alternative settlement agreement, A shares fell, H-share plunged 41.56%

via:CnBeta time:2018/6/13 19:35:25 readed:169

BIS has passed the "alternative order on ZTE" in June 8th (US time), and the ratification agreement will take effect immediately. In accordance with this alternative agreement, ZTE will pay a total of $1 billion 400 million in civil fines, including a one-time payment of $1 billion within 60 days after the issuance of the June 8, 2018 order by BIS and within 90 days after the issuance of the June 8, 2018 order of June 8, 2018 to the US Bank trusteeship account approved by ZTE and BIS and within the monitoring period. An extra $400 million fines.

After the payment of the above civil fines, BIS will terminate its refusal order activated in April 15, 2018 (US time) and remove ZTE from the list of exportation personnel. This means that the ZTE crisis, which has been running for nearly two months, is expected to be lifted.

With the settlement of this settlement agreement, ZTE will soon resume operations affected by the April 15, 2018 denial of order. The company will fully assess the impact of the April 15, 2018 refusal order and agreement on the first quarter report of the 2018 and recompile and disclose the first quarter 2018 report in 2018.

In addition, at least more than 40 public fund companies have already lowered the valuation of ZTE. At the end of last month, MSCI issued a temporary announcement, and ZTE was adjusted to the MSCI list.